Land & Development in PE20

Main Road, Algarkirk, Boston, Lincolnshire, PE20 2LH

Brochure

Tenure: Freehold

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Starting bid£250,000

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Key Information

Parking: Off Street

Property features

Development Opportunity
Former Pub
Former Cafe
Residential Property + Commercial Property
Large Car Park Space + External Area

Land & Development in PE20

For sale via secure sale online bidding - terms and conditions apply.

Reduced to an extremely attractive price for purchasers ready to proceed swiftly, this exceptional opportunity offers both lifestyle and commercial potential in one impressive package. Extending to approximately ¾ of an acre, the prominent main road brownfield site comprises a former café and restaurant alongside a substantial five-bedroom residence, generous parking facilities and established gardens. This large, detached mixed-use premises enjoys a high-profile position fronting the A17, with open countryside immediately to the rear — combining excellent visibility for trade with a pleasant and private outlook. The property offers an outstanding opportunity to live and work from the same site, creating a seamless business and residential environment. Whether retained in its current form or redeveloped (subject to the necessary planning consents), the possibilities are extensive. It would lend itself particularly well to an Airbnb or guest accommodation venture, hospitality use, or a variety of alternative business enterprises. A rare chance to secure a versatile and highly visible premises with significant potential for income generation and lifestyle flexibility.

Location - The site and premises provides first class positioning for the A17 traffic catchment at Algarkirk. This bustling road network stretches approximately 60 miles from Newark on Trent, Nottinghamshire to Kings Lynn in Norfolk. To the rear of the property, Marsh Lane provides access to the beautiful open Countryside.

Description - The property provides the advantage of a ground floor former cafe and restaurant with large bar, kitchen, garage and car park. Mixed with a two storey 5 bedroom house. The property is well positioned with the business and car park facing the main road whilst the house faces the countryside.

Ground Floor Accommodation - Restaurant, 2 Bars, Kitchen, Pantry, Lounge, 2 Store Rooms, 2 Toilets, Office pace, Lobby, 2 Garages.

First Floor Accommodation - 5 Bedrooms (or 4 Bedrooms and further Lounge) + Bathroom

Development Opportunity - The property's spacious interior, large car park, and prominent location offer a wealth of potential for redevelopment. Subject to planning permission, the property could be converted into a variety of uses, including:

Restaurant: The property's characterful interior and spacious layout would be ideal for creating a thriving restaurant or bar. Retail space: The prominent roadside location and ample parking would make the property ideal for a variety of retail uses. Residential development: Subject to planning permission, the site could be redeveloped to create new homes.

Exterior - Hard surfaced Car Park and 2 Garden areas.

Services - Mains electricity and water are connected. The property has an oil fired boiler.

Please note we have not inspected this property.

Location

The site and premises provides first class positioning for the A17 traffic catchment at Algarkirk. This bustling road network stretches approximately 60 miles from Newark on Trent, Nottinghamshire to Kings Lynn in Norfolk. To the rear of the property, Marsh Lane provides access to the beautiful open Countryside.

Accommodation

The property provides the advantage of a ground floor former cafe and restaurant with large bar, kitchen, garage and car park. Mixed with a two storey 5 bedroom house. The property is well positioned with the business and car park facing the main road whilst the house faces the countryside. Ground Floor Accommodation - Restaurant, 2 Bars, Kitchen, Pantry, Lounge, 2 Store Rooms, 2 Toilets, Office pace, Lobby, 2 Garages. First Floor Accommodation - 5 Bedrooms (or 4 Bedrooms and further Lounge) + Bathroom

Tenure

Freehold, title number LL215462

Council Tax

Band A

EPC

Rating F, full report available on request

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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